Nonperforming Loans Rise 4.3%
At South Korean Commercial Banks

Dow Jones Newswires

Updated March 2, 1999 1:36 a.m. ET

SEOUL, South Korea -- Nonperforming loans at South Korea's 22 commercial banks rose 4.3% to 22.225 trillion won ($18.14 billion) at the end of last year compared with 21.316 trillion won at the end of 1997, the Financial Supervisory Commission said Tuesday.

The banks' nonperforming loans, meanwhile, fell 0.9% from September 1998, when the loans...